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catastrophe bond
(redirected from Catastrophe bonds)

    Also found in: Wikipedia 0.17 sec.
catastrophe bond
A debt security with a payoff tied to the relative severity of a natural disaster such as a hurricane or earthquake. Bondholders are paid with insurance premiums but may have to accept reduced principal repayment in the event the specified disaster occurs during the life of the bond.


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For an increasing number of reinsurers (as well as primary insurers), mortality catastrophe bonds provide the answer.
Taming the cat: securitizing pandemic losses offers life insurers a ... by Bagus, Ghalid / Best's Review
The real problem with something like catastrophe bonds is that investors are still going to want to know what kind of risk they are going to be subject to," DePoy said.
Industry optimistic about new terror insurance plan by Geiger, Daniel / Real Estate Weekly
We use AIR's CATRADER for evaluating catastrophe bonds with a range of trigger types, including indemnity, index and notional portfolio-based triggers.
Clariden Leu Ltd. Integrates AIR's Modeling Software to Manage ... by Business Wire
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